08/09/2008 Note: The Main Features are being reissued to correct two errors. The first error is in the table GFS KEY FIGURES, the column headings refer to Mar Qrt 2007 instead of Mar Qrt 2008. The second is a data error in the table QUARTERLY NATIONAL ACCOUNTS PUBLIC SECTOR MEASURES - KEY FIGURES, SEASONALLY ADJUSTED, in the second spanner headed Chain Volume the data for Mar Qtr Total public corporations the figure published as 4 842 should be 4 832.

JUNE QUARTER 2008 KEY FIGURES: ALL LEVELS OF GOVERNMENT

March quarter 2008 to June quarter 2008 movements (in original terms) -

Taxation revenue increased by 8.7% to $94,788m.

The GFS net operating balance for the general government sector decreased to $7,569m.

The GFS net lending(+)/borrowing(-) position for the general government sector decreased to a net lending position of $900m.

GFS KEY FIGURES: ALL LEVELS OF GOVERNMENT, ORIGINAL

Mar Qtr 2008

Jun Qtr 2008

Mar Qtr 2008 toJun Qtr 2008

$m

$m

% change

Current Prices

Taxation revenue

General government

87 169

94 788

8.7

Total revenue

General government

103 173

115 104

11.6

Public Non-Financial corporations

14 679

14 804

0.9

Total expenses

General government

93 731

107 535

14.7

Public Non-Financial corporations

12 574

13 471

7.1

GFS Net operating balance

General government

9 443

7 569

..

Public Non-Financial corporations

2 105

1 334

..

GFS Net lending(+)/borrowing(-)

General government

6 916

900

..

Public Non-Financial corporations

-763

-3 246

..

QUARTERLY NATIONAL ACCOUNTS PUBLIC SECTOR MEASURES - KEY FIGURES

The table below includes the key public sector aggregates for the June quarter 2008 from the national accounts publication. The key figures shown include Government Final Consumption Expenditure and Gross Fixed Capital Formation for general government and public corporations, seasonally adjusted for current prices and in chain volume terms.

In seasonally adjusted chain volume terms, total general government final consumption expenditure increased by 1.2% in the June quarter 2008.

General government gross fixed capital formation, in seasonally adjusted chain volume terms, increased by 3.1% in the June quarter 2008.

(a) See paragraph 32 of the Explanatory Notes for the relationship between general government final consumption expenditure and GFS aggregates.(b) Reference year for chain volume measures is 2005-06.

JUNE QUARTER 2008 GFS RELEASE

This release presents quarterly government finance statistics (GFS) on an accrual accounting basis. All tables are presented in GFS operating statement format and are for the general government sector, with the exception of Table 2 which presents data for the public non-financial corporations sector.

Quarterly GFS are released for the current financial year only, other than in the September and December quarters, when the quarters of the previous financial year are presented. Users requiring data for earlier periods should consult Government Finance Statistics, Australia (cat.no. 5512.0). The latest issue (2006-07) was released on 15 April 2008. Final annual GFS results for 2007-08 are scheduled for release by the ABS in April 2009.

RELEASE OF QUARTERLY GFS THIS ISSUE

Table

Sept 07

Dec 07

Mar 08

Jun 08

Table 1 All Levels of Government - General Government

*

*

*

*

Table 2 All Levels of Government - Public Non-Financial Corporations

*

*

*

*

Table 3 Commonwealth Government

*

*

*

Table 4 Total State & Local

*

*

*

Table 5 New South Wales

*

*

*

Table 6 Victoria

*

*

*

Table 7 Queensland

*

*

*

Table 8 South Australia

*

*

*

Table 9 Western Australia

*

*

*

Table 10 Tasmania

*

*

*

Table 11 Northern Territory

*

*

*

Table 12 Australian Capital Territory

*

*

*

FORTHCOMING ISSUES

The release of GFS quarterly data is usually coordinated to be the day before the respective issue of Australian National Accounts: National Income, Expenditure and Product(cat. no. 5206.0). The scheduled release dates for the September, December quarters 2008 and March 2009 issues are:

Issue

5519.0.55.001

5206.0

September 2008

2 December 2008

3 December 2008

December 2008

3 March 2009

4 March 2009

March 2009

2 June 2009

3 June 2009

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070, email <client.services@abs.gov.au> or Katrina Watts on Canberra (02) 6252 5555, email <public.finance@abs.gov.au>.